Nigeria | Egypt Oil & Gas - Part 30

OPEC Oil Output to Reach Record High in July

The Organization of the Petroleum Exporting Countries’ (OPEC) oil output is likely to reach its record in July, a Reuters survey found. Supply from OPEC has risen to 33.41mb/d in July from a revised 33.31mb/d in...

South African Energy Workers Call for Strike over Wages

The Chemical, Energy, Paper, Printing, Wood and Allied Workers Union (CEPPWAWU) said that South African energy workers plan to strike over wages at the end of July, Reuters reported. The strike would affect the crude ...

Nigeria: Militant Group MEND Confirms Talks over Oil Attacks

Nigerian militant group,  the Movement for the Emancipation of the Niger Delta (MEND), which wreaked havoc on Nigerian oil industry in the 2000s, said it was in back-channel talks with the government to end renewed vi...

Nigeria Records $518m Lost in Oil Revenues in 2013

Nigerian National Petroleum Corporation (NNPC) has weighed overall losses in nation’s oil revenues in 2013 amounting to $518m due to inefficiencies in oil swaps and offshore processing agreements, reported Vangu...

Nigeria: ExxonMobil Announces Force Majeure on Oil Exports

ExxonMobil subsidiary Mobil Producing Nigeria has announced a force majeure on exports of the country’s largest export stream, Qua Iboe crude oil, according to a company’s spokesman. The Daily Mail reporte...

Nigeria: Oil Workers Call Off Strike Action

The Nigeria Union of Petroleum and Natural Gas Workers, NUPENGW, and the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, have suspended their industrial strike following several hours of talk...

Nigeria Loses 40,000MW of Energy over Hampered Gas Investments

Hampered gas investments resulting from oil companies’ recorded deficit have deprived Nigeria of 40,000 MW of electricity generated from natural gas reserves, Punch reported. The country has one of the lowest po...

Nigeria: Oil Union Leaders, Government Discuss Strike Issues

Nigeria’s government officials held talks with leaders of Nigerian trade union, who are on strike, in efforts to resolve the existing disputes, Reuters announced. Around 10,000 Petroleum and Natural Gas Senior S...

Nigeria’s President Replaces Oil Minister

Nigeria’s Oil Minister, Emmanuel Ibe Kachikwu, has been ousted from his position and appointed as the Group Managing Director of state oil company NNPC, Reuters reported. NNPC Group Executive Director for Explor...

Niger Delta Avengers Resume Attacks on Nigeria’s Oil Facilities

The Niger Delta Avengers, a militant group operating in Nigeria’s oil-producing Niger River region, claimed responsibility for another five new attacks in the southern energy hub since July 1st, reported Reuters. In m...

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